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RingCentral Announces Pricing of Initial Public Offering
Shares to Trade on NYSE under Ticker Symbol "RNG"
RingCentral, Inc., a leading provider of cloud business
communications solutions, today announced the pricing of its
initial public offering of 7,500,000 shares of its common stock,
including 7,420,000 shares from the company and 80,000 shares from
selling stockholders, at a price to the public of $13.00 per share.
The shares are expected to begin trading on the New York Stock
Exchange on September 27, 2013, under the symbol "RNG." In
addition, the company has granted the underwriters a 30-day option to
purchase up to 1,125,000 additional shares of common stock.
Goldman, Sachs & Co., J.P. Morgan Securities LLC and BofA
Merrill Lynch are acting as joint book-running managers for the
proposed offering, and Allen & Company LLC and Raymond James are
acting as co-managers.
A registration statement relating
to these securities has been filed with the Securities and Exchange
Commission and was declared effective on September 26, 2013. The
offering will be made only by means of a prospectus. A copy of the
final prospectus related to the offering may be obtained from Goldman,
Sachs & Co., Attention: Prospectus Department, 200 West Street,
New York, NY 10282, or by telephone at 1-866-471-2526; J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204; or BofA
Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus
Department, or by email at dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Contact:
Investor Relations Contact:
ICR for RingCentral
Greg Kleiner, 650-581-9443
ir@RingCentral.com
or
Media Contact:
RingCentral
Nisha Ahluwalia, 650-472-4127
nisha@ringcentral.com
For additional information,
please contact:
RingCentral Contact:
Mariana Kosturos
mariana.kosturos@ringcentral.com
650-562-6545
www.ringcentral.com